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Expand Energy Corporation

EXE
65
Oil & Gas Exploration & Production · Energy
Price
$88.13
-0.05 (-0.06%)
Market Cap
$21.08B
Exchange
NASDAQ
Winston Score
65
Winston is curious
A decent business — some strong pillars, some weaker.

Share count rising — dilution

+103.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 117.9M (2021) → 240.4M (2025)

Expand Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana. As of December 31, 2023, the company owns a p

Winston Score History

Politician Trades

7 trades / 12mo

3 Congressional buys and 4 sells on EXE in the last 12 months.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+100.2% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+555.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

0.5%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$2.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Expand Energy Corporation is growing revenue at 100% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
53.2%
Healthy — 53.2% gross margin
Operating Margin
34.8%
Excellent — 34.8% operating margin
ROCE
6.2%
Weak — 6.2% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY
+163.8%
Fast-growing sales (163.8% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion
182%
Turns 182% of profit into real cash
FCF Margin
20.3%
Converts sales into free cash efficiently (20.3%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity
0.26
Conservative — low debt load (0.26)
Interest Cover
17.37x
Comfortably covers interest (17.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)
6.5x
Attractive valuation — P/E 6.5

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
-3.0
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend Yield
3.66%
Moderate income — 3.66% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth
+38.7%
Dividend growing fast (38.7% YoY)

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